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9F Inc. (JFU) 10-Year Financial Performance & Capital Metrics

JFU • • Industrial / General
TechnologyIT ServicesPayment Processing & Financial TechnologySpecialized Payment Solutions
About9F Inc., together with its subsidiaries, operates internet securities service platform in the People's Republic of China. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to o financial institution partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui. The company also provides payment facilitation and other products and services that help users to pay credit card bills and household bills comprising utility bills; and other value-added services consisting of credit history search, debt consolidation, and user referral services. In addition, it offers technology empowerment services to banking, automobile, securities investment, and insurance industries; and engages in E-commerce business, which offers various categories of merchandise, including 3C products, beauty and skin care products, rice, noodle and oils, household appliances, jewelry, and liquor and beverages. It provides its services to borrowers, investors, and financial institutions partners. The company was formerly known as JIUFU Financial Technology Service Limited and changed its name to 9F Inc. in June 2014. 9F Inc. was founded in 2006 and is headquartered in Beijing, the People's Republic of China.Show more
  • Revenue $310M -24.8%
  • EBITDA -$23M +86.9%
  • Net Income $50M +135.7%
  • EPS (Diluted) 4.20 +135.0%
  • Gross Margin 65.21% -9.5%
  • EBITDA Margin -7.46% +82.5%
  • Operating Margin -14.66% +68.8%
  • Net Margin 16.13% +147.4%
  • ROE 1.38% +135.9%
  • ROIC -1.31% +85.6%
  • Debt/Equity 0.00 -36.4%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 97 (top 3%)
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Sales declining 41.2% over 5 years
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-41.24%
3Y-25.89%
TTM-24.85%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM135.65%

EPS CAGR

10Y-
5Y-
3Y-
TTM135.06%

ROCE

10Y Avg3.54%
5Y Avg-7.11%
3Y Avg-3.44%
Latest-1.25%

Peer Comparison

Specialized Payment Solutions
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USIOUsio, Inc.37.41M1.3711.420.41%-0.46%-2.08%5.09%0.20
JFU9F Inc.52.73M6.051.44-24.85%16.13%1.37%86.01%0.00
NYAXNayax Ltd.2.18B59.08-369.2533.34%6.47%11.59%0.82%0.33

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.26B6.74B5.56B4.42B1.26B761.45M561.67M412.45M309.97M
Revenue Growth %-1.98%-0.18%-0.2%-0.72%-0.39%-0.26%-0.27%-0.25%
Cost of Goods Sold+168.02M502.05M444.83M1.14B545.77M106.18M115.44M115.18M107.85M
COGS % of Revenue0.07%0.07%0.08%0.26%0.43%0.14%0.21%0.28%0.35%
Gross Profit+2.09B6.24B5.11B3.29B710.23M655.27M446.23M297.27M202.13M
Gross Margin %0.93%0.93%0.92%0.74%0.57%0.86%0.79%0.72%0.65%
Gross Profit Growth %-1.98%-0.18%-0.36%-0.78%-0.08%-0.32%-0.33%-0.32%
Operating Expenses+1.67B5.24B2.94B5.84B1.99B710.72M596.5M490.85M247.58M
OpEx % of Revenue0.74%0.78%0.53%1.32%1.59%0.93%1.06%1.19%0.8%
Selling, General & Admin1.7B5.32B2.91B3.5B1.64B688.3M437.13M298.09M237.02M
SG&A % of Revenue0.75%0.79%0.52%0.79%1.31%0.9%0.78%0.72%0.76%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses0002.34B347.8M22.42M159.38M192.76M10.56M
Operating Income+396.57M920.55M2.21B-2.36B-1.28B-55.45M-150.28M-193.58M-45.46M
Operating Margin %0.18%0.14%0.4%-0.53%-1.02%-0.07%-0.27%-0.47%-0.15%
Operating Income Growth %-1.32%1.4%-2.07%0.46%0.96%-1.71%-0.29%0.77%
EBITDA+405.93M932.44M2.23B-2.32B-1.26B-23.91M-129.28M-175.99M-23.11M
EBITDA Margin %0.18%0.14%0.4%-0.52%-1%-0.03%-0.23%-0.43%-0.07%
EBITDA Growth %-1.3%1.39%-2.04%0.46%0.98%-4.41%-0.36%0.87%
D&A (Non-Cash Add-back)9.36M11.89M18.76M37.47M24.22M31.54M21M17.59M22.34M
EBIT396.57M920.55M2.21B-2.36B-1.28B-55.45M-150.28M-193.58M-45.46M
Net Interest Income+13.42M73.64M208.35M225.75M102.42M47.51M47.59M97.67M84.62M
Interest Income13.42M73.64M208.35M225.75M102.42M47.51M47.59M97.67M84.62M
Interest Expense000000000
Other Income/Expense36.19M155.63M169.42M32.06M-430.71M-151.48M-433.03M60.97M109.59M
Pretax Income+432.76M1.08B2.38B-2.33B-1.71B-206.94M-583.31M-132.6M64.14M
Pretax Margin %0.19%0.16%0.43%-0.53%-1.36%-0.27%-1.04%-0.32%0.21%
Income Tax+271.13M352.43M402.4M-174.6M538.32M26.73M11.62M7.75M13.98M
Effective Tax Rate %0.33%0.37%0.72%0.93%1.32%1.14%1.02%1.06%0.78%
Net Income+142.31M401.31M1.72B-2.17B-2.26B-234.91M-594.74M-140.19M49.98M
Net Margin %0.06%0.06%0.31%-0.49%-1.8%-0.31%-1.06%-0.34%0.16%
Net Income Growth %-1.82%3.29%-2.26%-0.04%0.9%-1.53%0.76%1.36%
Net Income (Continuing)146.58M659.05M2.02B-2.15B-2.25B-233.67M-594.94M-140.35M50.16M
Discontinued Operations000000000
Minority Interest11.98M16.2M10.45M47.05M54.74M55.75M54.78M54.62M54.79M
EPS (Diluted)+21.3458.57188.12-248.60-227.40-22.00-51.00-12.004.20
EPS Growth %-1.74%2.21%-2.32%0.09%0.9%-1.32%0.76%1.35%
EPS (Basic)22.9764.51211.47-248.60-227.40-22.00-51.00-12.004.20
Diluted Shares Outstanding9.69M9.69M9.69M8.73M9.93M10.68M11.66M11.77M11.8M
Basic Shares Outstanding9.69M9.69M9.69M8.73M9.93M10.68M11.66M11.77M11.77M
Dividend Payout Ratio---------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.9B5.54B7.93B7.22B4.49B4.18B3.64B2.86B3.17B
Cash & Short-Term Investments1.24B4.48B6.3B4.71B2.86B2.7B2.87B2.46B2.6B
Cash Only1.24B3.78B5.47B4.68B2.73B2.44B2.43B1.69B379.35M
Short-Term Investments0700M833.48M24M133.76M253.11M433.11M774.6M2.22B
Accounts Receivable374.69M538.04M339.22M423.16M177.98M452.4M354.63M38.04M152.51M
Days Sales Outstanding60.529.1322.2834.951.72216.86230.4633.66179.58
Inventory245.35M489.58M486.19M1.21B1.15B1.03B419.92M0998K
Days Inventory Outstanding532.97355.93398.94387.22766.923.54K1.33K-3.38
Other Current Assets186.43M36.09M56.9M-196.23M259.23M-36.31M-5.88M197.42M264.26M
Total Non-Current Assets+254.83M734.63M1.18B1.66B896.87M871.24M668.12M1.18B949.28M
Property, Plant & Equipment20.07M54.67M86.27M232.17M92.06M62.07M78.05M79.95M64.8M
Fixed Asset Turnover112.66x123.32x64.41x19.06x13.64x12.27x7.20x5.16x4.78x
Goodwill10.63M13.06M13.38M72.22M22.12M22.12M24.73M00
Intangible Assets17.85M46.05M44.73M73.48M44.41M37.28M35.13M29.5M4.63M
Long-Term Investments152.03M509.74M954.16M775.64M738.27M727.43M530.21M1.07B879.6M
Other Non-Current Assets0000022.35M-668.12M2.15M253K
Total Assets+2.15B6.28B9.11B8.88B5.39B5.05B4.31B4.04B4.12B
Asset Turnover1.05x1.07x0.61x0.50x0.23x0.15x0.13x0.10x0.08x
Asset Growth %-1.91%0.45%-0.02%-0.39%-0.06%-0.15%-0.06%0.02%
Total Current Liabilities+936.76M1.74B1.46B2.41B1.12B834.03M584.19M445.96M453.73M
Accounts Payable32.06M20.02M47.5M125.44M405.72M273.77M153.7M42.95M57.17M
Days Payables Outstanding69.6614.5638.9740.25271.33941.1485.97136.12193.47
Short-Term Debt000000000
Deferred Revenue (Current)1000K1000K1000K1000K01000K1000K1000K1000K
Other Current Liabilities25.17M37.96M82.79M80.94M129.08M33.31M2.21M2.11M0
Current Ratio2.03x3.18x5.42x3.00x3.99x5.01x6.24x6.42x6.99x
Quick Ratio1.77x2.90x5.09x2.50x2.97x3.78x5.52x6.42x6.99x
Cash Conversion Cycle523.81370.5382.25381.87547.32.81K1.07K--10.51
Total Non-Current Liabilities+218.26M829.72M1.39B142.62M38.78M25.64M15.44M20.77M12.74M
Long-Term Debt000000000
Capital Lease Obligations000125.41M29.5M17.91M8.32M14.72M9.57M
Deferred Tax Liabilities2.94M9.31M9M17.21M9.28M7.73M7.13M6.05M763K
Other Non-Current Liabilities215.32M820.41M1.38B0-82.64M799.66M21.22M02.4M
Total Liabilities1.16B2.57B2.85B2.55B1.16B859.66M599.63M466.73M466.47M
Total Debt+1M1M1M125.41M29.5M17.91M8.32M14.72M9.57M
Net Debt-1.24B-3.78B-5.47B-4.56B-2.7B-2.43B-2.42B-1.67B-369.77M
Debt / Equity0.00x0.00x0.00x0.02x0.01x0.00x0.00x0.00x0.00x
Debt / EBITDA0.00x0.00x0.00x------
Net Debt / EBITDA-3.05x-4.05x-2.46x------
Interest Coverage---------
Total Equity+998.63M3.7B6.25B6.33B4.22B4.19B3.71B3.57B3.66B
Equity Growth %-2.71%0.69%0.01%-0.33%-0.01%-0.11%-0.04%0.02%
Book Value per Share103.03382.21645.32725.03425.32392.25318.24303.44310.00
Total Shareholders' Equity986.66M3.69B6.24B6.28B4.17B4.13B3.66B3.52B3.6B
Common Stock0002K2K2K2K2K2K
Retained Earnings640.17M987.71M2.67B488.24M-1.82B-2.06B-2.69B-2.83B-2.78B
Treasury Stock000000000
Accumulated OCI95.31M162.17M526.47M551.25M459.4M411.36M556.48M630.5M670.4M
Minority Interest11.98M16.2M10.45M47.05M54.74M55.75M54.78M54.62M54.79M

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+413.97M2.87B2.35B-429.05M-1.74B-229.72M63.32M62.5M46.49M
Operating CF Margin %0.18%0.43%0.42%-0.1%-1.39%-0.3%0.11%0.15%0.15%
Operating CF Growth %-5.92%-0.18%-1.18%-3.07%0.87%1.28%-0.01%-0.26%
Net Income156.04M597.7M1.98B-2.16B-2.26B-234.91M-594.74M-140.35M50.16M
Depreciation & Amortization9.36M11.89M18.76M37.47M24.22M31.54M21M17.59M22.34M
Stock-Based Compensation110.43M2.18B508.16M353.15M290.63M52.34M5.46M-72.13M-959K
Deferred Taxes00000000-5.29M
Other Non-Cash Items297.29M471.29M-103.11M2.43B666.1M217.52M618.3M227.64M-20.79M
Working Capital Changes-159.14M-395.8M-59.72M-1.09B-466.65M-296.21M13.3M29.75M1.03M
Change in Receivables-2.45M-219.67M109.98M-1.57B-100.25M-32.98M-8.99M52.79M-8.64M
Change in Inventory000000000
Change in Payables000000000
Cash from Investing+-222.91M-1.01B-1.24B-707.61M39.47M-321.52M-277.77M-949.02M-1.29B
Capital Expenditures-20.09M-47.69M-48.58M-56.69M0-7.74M-44.81M-5.74M-1.14M
CapEx % of Revenue0.01%0.01%0.01%0.01%-0.01%0.08%0.01%0%
Acquisitions---------
Investments---------
Other Investing-182.02M-933.71M-1.19B-592.62M39.47M-302.95M-230.06M-53.88M729K
Cash from Financing+701K563.36M545.89M471.98M12.9M199.63M000
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing701K6.03M1.1M8.91M12.9M433K000
Net Change in Cash---------
Free Cash Flow+393.89M2.82B2.3B-485.74M-1.74B-237.46M18.51M56.76M45.35M
FCF Margin %0.17%0.42%0.41%-0.11%-1.39%-0.31%0.03%0.14%0.15%
FCF Growth %-6.15%-0.18%-1.21%-2.59%0.86%1.08%2.07%-0.2%
FCF per Share40.64290.72237.01-55.66-175.69-22.231.594.823.85
FCF Conversion (FCF/Net Income)2.91x7.14x1.36x0.20x0.77x0.98x-0.11x-0.45x0.93x
Interest Paid000000000
Taxes Paid50.87M293.8M522.29M327.23M163M2.91M21.63M24.22M8.52M

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)14.25%17.07%34.54%-34.5%-42.82%-5.58%-15.05%-3.85%1.38%
Return on Invested Capital (ROIC)--463.66%-138.51%-58.36%-2.53%-7.39%-9.11%-1.31%
Gross Margin92.57%92.55%91.99%74.29%56.55%86.06%79.45%72.07%65.21%
Net Margin6.3%5.95%30.95%-49.05%-179.85%-30.85%-105.89%-33.99%16.13%
Debt / Equity0.00x0.00x0.00x0.02x0.01x0.00x0.00x0.00x0.00x
FCF Conversion2.91x7.14x1.36x0.20x0.77x0.98x-0.11x-0.45x0.93x
Revenue Growth-198.22%-17.58%-20.36%-71.62%-39.38%-26.24%-26.57%-24.85%

Revenue by Segment

201920202021202220232024
Wealth Management Member-----36.03M
Wealth Management Member Growth------
Product and Service, Other----18.42M-
Product and Service, Other Growth------
Other Products Member---43.7M--
Other Products Member Growth------
Technical services--417.57M---
Technical services Growth------
Sales income--202.96M---
Sales income Growth------
Other revenue--101.14M---
Other revenue Growth------
Other Products260.92M219.76M101.14M---
Other Products Growth--15.77%-53.97%---
Wealth management product revenue--39.78M---
Wealth management product revenue Growth------
Post-origination services--39.78M---
Post-origination services Growth------
Post Origination Service604.73M859.1M----
Post Origination Service Growth-42.06%----
Loan Product3.59B847.58M----
Loan Product Growth--76.40%----
Product And Service Other342.33M219.76M----
Product And Service Other Growth--35.81%----
Wealth Management573.36M188.67M----
Wealth Management Growth--67.09%----
Loan Facilitation Service3.48B177.15M----
Loan Facilitation Service Growth--94.91%----

Frequently Asked Questions

Valuation & Price

9F Inc. (JFU) has a price-to-earnings (P/E) ratio of 1.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

9F Inc. (JFU) reported $310.0M in revenue for fiscal year 2024. This represents a 86% decrease from $2.26B in 2016.

9F Inc. (JFU) saw revenue decline by 24.8% over the past year.

Yes, 9F Inc. (JFU) is profitable, generating $50.0M in net income for fiscal year 2024 (16.1% net margin).

Dividend & Returns

9F Inc. (JFU) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.

9F Inc. (JFU) generated $45.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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